Ukrainian Prime Minister Yulia Svyrydenko has resigned, with President Volodymyr Zelensky announcing a new government reshuffle. Zelensky stated he offered Svyrydenko a new, important role and that foreign policy priorities will be assigned to experienced individuals.
Spain has proposed a new EU common borrowing mechanism worth up to €850 billion annually to create a benchmark safe asset, reduce financing costs for European firms, and strengthen the euro. The plan, to be presented by Economy Minister Carlos Cuerpo, faces opposition from Germany and the Netherlands but has support from France and Greece. Spain suggests a voluntary "European Sovereign Facility" with potential for a "coalition of the willing" if not all members participate.
The World Bank Group has opened a new office in Madrid, Spain, to strengthen cooperation with the country and facilitate the mobilization of private capital for development projects in Latin America, Africa, and other emerging markets, offering Spanish companies easier access to financing.
The EU will demand that gas supplied by Turkey to its member states under new contracts is not of Russian origin, according to German Economy Minister Katherina Reiche. Turkey acknowledged the EU's goal of reducing Russian commodity reliance but noted that a complete replacement is not feasible immediately.
Armenia has filed a complaint with the Eurasian Economic Commission (EEC) concerning Russia's imposition of restrictions and barriers on the export of various Armenian goods, including mineral water, alcoholic beverages, vegetables, and fruits.
Italy's Economy Minister is seeking the best offer to sell the state's stake in Monte dei Paschi di Siena, emphasizing adherence to public debt criteria.
Italian Economy Minister Giancarlo Giorgetti expressed reservations about the proposed Rai reform, deeming the plan to remove the government's direct appointment of the CEO incompatible with current laws and the company's structure as a joint-stock company. He emphasized the shareholder's right to appoint an administrator.
Economy Minister Giancarlo Giorgetti announced ministerial decrees to extend fuel excise tax discounts beyond June 6th and discussed using EU fiscal flexibility for energy support. He also detailed plans to reform the "5 per mille" tax donation system to ensure better monitoring and prevent abuse, while Infrastructure Minister Matteo Salvini addressed housing policies and digital learning in driving schools.
Italian Economy Minister urges caution regarding the extension of fuel excise tax cuts, stating that the "room for maneuver is not exaggerated." The extension is expected via a ministerial decree.
Italy's Economy Minister urges caution regarding the extension of fuel excise tax cuts, stating that the "space is not exaggerated." The government is considering a ministerial decree for the potential extension.
Economy Minister Giancarlo Giorgetti discussed fiscal flexibility with the EU and plans to reform the "5x1000" tax donation system. He also announced an upcoming decree to extend fuel excise duty discounts.
Economy Minister Giancarlo Giorgetti discussed fiscal flexibility with the EU and plans to reform the "5x1000" tax donation system. He also announced an upcoming decree to extend fuel tax discounts and addressed housing policies with Minister Salvini.
Catalan Economy Minister Alícia Romero defended the government's budget, secured with ERC and Comuns, calling it a tool for protection, investment, and progress. The budget prioritizes social policies and territorial cohesion, with significant investment in future challenges and public services.
Economy Minister Giorgetti expressed caution regarding the definition of investments, stating that work has been ongoing for a month and results are pending. The focus is now on how investments will be defined.
Germany's Economic Affairs Minister calls for trusting relations with China; Former Chancellor warns against AfD coalition; Various domestic and international news updates.
Japan's Economy Minister Ryosei Akazawa urged correction of arbitrary export controls at the APEC meeting in Suzhou, China, without naming specific countries, but implicitly targeting China's rare earth export restrictions.
Malaysia is entering campaign mode as Anwar's coalition projects discipline and the Election Commission confirms no by-elections for two seats, signaling an upcoming general election by February 2028. Rafizi, a key strategist, is noted for his data-driven approach.
German Economy Minister Katherina Reiche (CDU) advocates for stopping early retirement programs and accelerating corporate tax reform. She also stressed the need to increase working hours and proactively represent German economic interests in China.
Italy's Economy Minister will speak at the G7 summit in Paris. A council of ministers meeting on Friday will decide on renewing the fuel excise tax discount and measures for the road haulage sector.
Malaysia’s anti-corruption agency is seeking to charge two unnamed individuals over a 1.1 billion ringgit (US$278 million) semiconductor deal with British chip designer Arm Holdings, as former economy minister Rafizi Ramli returned for a third day of questioning in the same probe. The Malaysian Anti-Corruption Commission (MACC) said the investigation was nearing completion after officers recorded statements from 22 witnesses, including Rafizi and his former aide, political analyst James...
Supporters gathered outside the MACC headquarters as Rafizi stated he would defend himself in court if charged, during an investigation under Section 23 of the MACC Act for alleged misuse of office.
Risks existing in global trade are growing protectionism and volatility in financial markets, Maxim Reshetnikov noted
Inflation geared down to 5.6% as of the last year-end, Maxim Reshetnikov said
"The goal is to identify potential problems early on and take corrective action quickly," French Economy Minister Roland Lescure told Le Parisien over the weekend.
